Bitcoin's hash rate, a measure of the network's computational power and security, has been steadily climbing to new all-time highs. But what does this really tell us about the Bitcoin ecosystem? To dive deeper into miner health and market sentiment, we must analyze the convergence and divergence of moving averages in the hash rate...
Mining metrics suggest bullish sentiment for Bitcoin Mining metrics suggest bullish sentiment for Bitcoin
Bitcoin's mining fundamentals signal a complex interplay between tech prowess and market sentiment.
2 min read
Updated: Oct. 9, 2023 at 5:58 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.